Oklahoma § 36-6470.31 Participants in sponsored captive insurance company.

Oklahoma Statutes

§ 36-6470.31 — Participants in sponsored captive insurance company.

Oklahoma § 36-6470.31

Title 36Insurance

This text of Oklahoma § 36-6470.31 (Participants in sponsored captive insurance company.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Okla. Stat. tit. 36, § 36-6470.31 (2026).

Text

A.An association, a corporation, a limited liability company, a partnership, a trust, or other business entity may be a participant in a sponsored captive insurance company formed or licensed pursuant to the Oklahoma Captive Insurance Company Act.

B.A sponsor may be a participant in a sponsored captive insurance company.

C.A participant need not be an owner of the sponsored captive insurance company or an affiliate of the company.

D.Unless otherwise approved by the Insurance Commissioner, a participant may insure through a sponsored captive insurance company only its own risks or the risks of its affiliates who are participants.

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A. An association, a corporation, a limited liability company, a partnership, a trust, or other business entity may be a participant in a sponsored captive insurance company formed or licensed pursuant to the Oklahoma Captive Insurance Company Act. B. A sponsor may be a participant in a sponsored captive insurance company. C. A participant need not be an owner of the sponsored captive insurance company or an affiliate of the company. D. Unless otherwise approved by the Insurance Commissioner, a participant may insure through a sponsored captive insurance company only its own risks or the risks of its affiliates who are participants.